Archive for July, 2008

Oil’s trading at around $130 today, reader. That’s a 12% decrease since the high posted on July 11th. It seems more and more that oil is the architect behind a turnaround in share prices and economic forecasts. The bulls may be coming out of hibernation.
But our focus today is oil itself. That’s where the market [...]

Property investor Mirvac Group has confirmed that the next 18 months at least are going to be miserable for its shareholders.
The company, which revealed plans to restructure distributions and a write-down in asset values last month, yesterday confirmed those moves, and said that the 2009 financial year will be tougher than 2008 has been.
It forecast [...]

Oxiana says second quarter copper output in Laos fell 19% after a fire at a plant disrupted production.
As well the company has cut its forecast gold output for the year and its zinc output from the Golden Grove operations in WA have also been cut.
Oxiana merged with Zinifex on July 1 and is in the [...]

A list of companies to record an initial or increase in substantial shareholdings:
* Perpetual Ltd increased its interest in Platinum Australia Ltd
on July 18 from 11.1 million (5pc) to 13.3 million shares (6pc).
* Lujeta Pty Ltd increased its interest in Corum Group Ltd on
July 21 from 6.7 million (9.6pc) to 17.2 million shares (17.4pc).
* Macquarie [...]

This used to be Oxiana (OXR) and Zinifex (ZFX) prior to the merger.
OZ Minerals June 2008 Quarterly Report Operations Update
22-07-2008
COPPER PRODUCED AT SEPON 13,240t
COPPER PRODUCED AT GOLDEN GROVE 1,719t
ZINC PRODUCED AT CENTURY 130,756t
ZINC PRODUCED AT GOLDEN GROVE 37,683t
ZINC PRODUCED AT ROSEBERY 21,088t
GOLD PRODUCTION AT SEPON 19,096oz
GOLD PRODUCED AT GOLDEN GROVE 16,994oz
AVERAGE LME CASH COPPER PRICE [...]

This was contributed by “Ingot54″a professional trader who is also one of the popular contributors to “Topstocks.”
Topstocks are still offering a “Free Pro “account for one month with no strings attached. 25,000 Plus members can’t be wrong. So do yourself a favour and see for yourself. You can get there by clicking on [...]

Yet another earnings upgrade statement from Flight Centre.
They are becoming as regular, as well, clockwork and this one must be the 7th or 8th in the past year.
Flight Centre (FLT) is Australia’s biggest travel agency and it’s having a good time, mostly from people leaving the country, not coming here, or those travelling within our [...]

The June Quarterly Producer Price Index is in, reader. Producer inflation was lower than expected. That doesn’t mean prices have fallen, but that they grew at a slower rate. So here’s three cheers for making stuff.
Officially, producer prices rose 1.0% in the June quarter. Hmmm. Here’s 3.03 cheers for making stuff.
But it’s still a good [...]

How do rising interest rates affect the quality of property as an investment?
By Michelle Coleman
Ask The Experts Question of the Month: Subscriber J Wills asks..
“I am wondering if property investment continues to be a sound investment where interest rates get close to the capital growth rate? If I assume a capital growth rate of [...]

As expected, Qantas revealed its job and route cuts Friday and Virgin Blue hopped on the back of that news to delivery its second cut in services and costs.
Qantas shares closed steady on $3.30 after the well leaked cuts were revealed, while Virgin Blue shares rose a cent to 68c as speculative interest forced the [...]






	
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